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Potential Olympic Steel (ZEUS) Trade Could Hit 8.09% Return

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Olympic Steel (<a href="http://www.marketintelligencecenter.com/symbol/ZEUS">ZEUS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $17.50 covered call for a net debit in the $16.19 area. That is also the break-even stock price for the covered call. This trade will return 8.09%, or 18.34% annualized (for comparison purposes only), in 161 days. This covered call also provides 16.50% downside protection. The current 52-week low is $15.83 and the 52-week high is $28.67. Olympic Steel stock has been showing support around $18.06 and resistance in the $20.40 range. The stock closed Nov 9, 2017's trading session at $19.38.A

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